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According to the Real Estate Board of Greater Vancouver (REBGV) report, residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold. Last month’s sales were 14.5 …
Continue reading “Demand for condominiums continues to outstrip supply in Vancouver : REBGV”
Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2017 compared to last year while the total dollar value of sales increased across most property types, according to the Real Estate Board of Greater Vancouver (REBGV).. There were 561 commercial real estate sales in the Lower Mainland in Q1 2017, a …
According to the Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in March 2017. Home sales over Canadian MLS Systems edged up 1.1% in March 2017, surpassing the previous monthly record set in April 2016 by one-quarter of a percent. March sales were up from the previous month in more …
Continue reading “Canadian home sales edge higher from February to March, says CREA”
Reluctance amongst Metro Vancouver home sellers is impacting sale and price activity throughout the region’s housing market. According to the Greater Vancouver Real Estate Board, residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase …
Continue reading “Low supply continues to limit Metro Vancouver home buyers : REBGV”
Canada Mortgage and Housing Corporation (CMHC) released a Housing Market Insight (HMI) report on the impact of the BC Foreign Buyers Tax (FBT) on the Vancouver housing market. On July 25, the BC Government announced the implementation of an additional property transfer tax of 15% on home sales to foreign buyers. While it is too …
Continue reading “What will be the impact of Foreign Buyers Tax on the Vancouver housing market?”
According to The Canadian Real Estate Association (CREA), national home sales in April 2016 increased by 3.1 percent compared to the March to their highest level ever. The MLS® Home Price Index (HPI) rose 10.3% year-over-year in April.The national average sale price climbed 13.1% in April from one year ago; net of the Greater Toronto …
Continue reading “National home sales in April reach highest level in Canada, says CREA”
